Ethereum transactions hit a record high of over 2.8 million on January 16, driven largely by a surge in address poisoning scams. This type of scam involves attackers sending small amounts of crypto from lookalike addresses to victims' wallets, tricking them into sending funds to the wrong address. The increase in scams coincides with the creation of 12.6 million new Ethereum addresses in the past 30 days, the highest ever recorded. Blockchain security experts highlight the growing threat of these scams, which have become more feasible due to Ethereum's recent upgrades that reduce transaction costs. Despite the low success rate, the potential losses are significant, with one user reportedly losing $50 million. Security experts urge the adoption of better wallet security features and naming systems like ENS to mitigate these risks.